BTC/USDT is showing clear bearish momentum right now, dipping below key supports around $68k with steady selling pressure on the 1H/4H charts.

That downward trend from ~$69.6k high to current lows near $66.5k screams caution—red candles dominating, EMAs stacking lower (67k/68k), and volume spiking on the drops. Price action bounced briefly but failed hard, now testing 66-67k zone. Trade Ideas

Short Setup: Enter at $67.5k-$68k rejection, stop above $69k, targets $66.5k(TP1),

$65k (TP2)

Risk/reward looks solid ~1:3 if momentum holds.

Long? Wait for bullish divergence or reclaim of $68.5k—oversold signals emerging but no reversal yet.

BTCUSDT

Perp

66,235

-1.48%